Global Orthopedic Surgical Robotic Devices Market, By Component (Instruments & Accessories, Robotic Systems), Clinical Application (Upper Extremities, Lower Extremities, Others), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The orthopaedic surgical robotic devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 24.3% in the forecast period of 2021 to 2028 and is expected to reach USD 10.37 billion by 2028. The growing number of clinical trials will help in escalating the growth of the healthcare analytical testing services market.
Orthopaedic surgical robots are constituted to aid orthopaedic surgeons execute surgeries. With the benefits of these robots, orthopaedic surgeries can be borne out with enhanced efficiency and rigor. Cartilage related minimally invasive surgeries can be accomplished through orthopaedic surgical robots. Orthopaedic surgical robots are generally small in size and are fulfilled by healthcare experts for carrying out surgeries. They aid in strides where it depends upon exact movements for instance surgeries treating for hip fracture, pubic rami, and pelvis surgery.
These orthopaedic surgical robots add to the result of the operation. Meniscus tear, ligament rupture, knee and hip fracture, rheumatoid arthritis, and osteoarthritis, and spreading the demand for digitization in the medical business, coupled with changing patterns towards the utilization of surgical robots in achieving orthopaedic medical processes, are the factors are anticipated to escalate the growth the global orthopaedic surgical robots’ market. In addition to this, the advanced technology and growing knowledge among people with regard to the profits of inconsequential obtrusive orthopaedic techniques for surgical implementations are factors anticipated boosting the growth of the orthopaedic surgical robot’s market development. Likewise, shortage of skilled professionals to achieve medical processes with the assistance of surgical robots is expected to average the market advancement. The noticeable growth of the orthopaedic surgical robots’ market can be contributed to various factors such as, rising choice for minimally-invasive processes, growing disposable incomes, increasing aging population, technological developments and accuracy of implant placement amongst others. Furthermore, growing prevalence of orthopaedic related condition has played an essential role in achieving the growth of the orthopaedic surgical robotic devices market. Noticeably, osteoarthritis is one of the most prevailing diseases, which substantially increases chances of disability and pain associated with musculoskeletal system. Hip and knee joint replacement surgery is considered as the most effective intervention for severe form of osteoarthritis and fractures, which ultimately reduces disability and pain, and simultaneously restores normal functioning. Nonetheless, mind-boggling expense related with medical procedure performed with the surgical robots and stringent government Technological advancements too have played a crucial role in augmenting the global orthopaedic surgical robots market. Robot-assisted orthopaedic surgeries have the potential to significantly improve surgical outcomes, and simultaneously reduce compilations associated with these surgeries. Rules in regard to the utilization of robots for surgical objects are hindering the development of the global orthopaedic surgical robots market. Similarly, osteoarthritis is one of the most prevailing diseases, which substantially increases chances of disability and pain associated with musculoskeletal system. Hip and knee joint replacement surgery is considered as the most effective intervention for severe form of osteoarthritis and fractures, which ultimately reduces disability and pain, and simultaneously restores normal functioning.
This orthopaedic surgical robotic devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on orthopaedic surgical robotic devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Orthopaedic Surgical Robotic Devices Market Scope and Market Size
The orthopaedic surgical robotic devices market is segmented on the basis of component, clinical application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on component, the orthopaedic surgical robotic devices market is segmented into instruments and accessories, robotic systems.
- Based on clinical application, the orthopaedic surgical robotic devices market is segmented into upper extremities, lower extremities, others.
- Based on end user, the orthopaedic surgical robotic devices market is segmented into hospitals, ambulatory surgical centers, and specialty clinics.
Orthopaedic Surgical Robotic Devices Market Country Level Analysis
The orthopaedic surgical robotic devices market is analysed and market size insights and trends are provided by country, component, clinical application and end user as referenced above.
The countries covered in the orthopaedic surgical robotic devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the orthopaedic surgical robotic devices market because of the opportunity of financing for research and development in surgical robots in this region and the growing acceptance of surgical robots for paediatric surgeries in Canada and general surgery procedures in the U.S.
The country section of the orthopaedic surgical robotic devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Orthopaedic Surgical Robotic Devices Market Share Analysis
The orthopaedic surgical robotic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopaedic surgical robotic devices market.
The major players covered in the orthopaedic surgical robotic devices market report are Stryker; Ekso Bionics; Wright Medical Group N.V.; THINK Surgical, Inc.; Intuitive Surgical; Smith & Nephew; OMNIlife science, Inc.; GENERAL ELECTRIC; Medtronic; Zimmer Biomet; Johnson & Johnson Services, Inc.; Medrobotics Corporation; TransEnterix Surgical, Inc.; Renishaw plc and Mazor Robotics. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.